ICEC

ICT sector contributes 5.7% to Egypt’s GDP by 2020: study

Egypt’s telecommunication and information technology market is expected to enormously grow by 2020 contributing about 5.7 percent to the country’s GDP, from 4.1 percent, said an official in Frost & Sullivan.

Haritha Ramachandran, Industry Manager of Information and Communication Technologies at Frost & Sullivan, added that Egypt is on the right track in offering IT services.

By end of 2020, Egypt plans to provide 100 percent of the population with internet connection of up to 25 Mbps.

During her meeting in Cairo Monday with officials in the Egyptian Information, Telecommunications, Electronics, and Software Alliance (EITESAL), Ramachandran said Egypt has a good chance to expand its market through small and medium sized enterprises which dominate 90 percent of Egypt’s Economy. This is supposed to happen by supplying telecommunications and cloud computing services to those companies.

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